Zacks Lowers Geeknet to Underperform (GKNT)
Geeknet (NASDAQ:GKNT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday. They currently have a $10.70 price objective on the stock. Zacks‘s target price points to a potential downside of 5.39% from the stock’s previous close.
Geeknet (NASDAQ:GKNT) traded up 0.27% on Thursday, hitting $11.34. The stock had a trading volume of 9,288 shares. Geeknet has a 52-week low of $10.89 and a 52-week high of $20.00. The stock’s 50-day moving average is $11.89 and its 200-day moving average is $13.. The company’s market cap is $76.1 million.
Geeknet (NASDAQ:GKNT) last posted its quarterly earnings results on Friday, August 1st. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.36. The company had revenue of $23.40 million for the quarter, compared to the consensus estimate of $24.87 million. On average, analysts predict that Geeknet will post $-0.48 earnings per share for the current fiscal year.
Separately, analysts at Benchmark Co. reiterated a “buy” rating on shares of Geeknet in a research note on Monday, August 4th. They now have a $17.00 price target on the stock, down previously from $18.00.
Geeknet, Inc (NASDAQ:GKNT) is an online network for the global geek community, which is consisted of technology enthusiasts and general consumers of geek-themed, technology-oriented and culture goods.
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